After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $3,748,275. Pricing this home between $3,064,000 and $3,074,000 would put it in the competitive sweet spot for DAVENPORT RANCH. Buyers shopping in DAVENPORT RANCH right now would see this as a well positioned option among 7 comparable homes. This home's larger footprint (1,844 sqft vs the comp average) plays a role in how the market prices it. The larger lot (1.23 acres versus the area average of 0.77) contributes to the valuation. With 7 similar homes currently listed in DAVENPORT RANCH (a buyer's market), competition is a factor to consider. Market data shows DAVENPORT RANCH prices risen 36.7% over the last half year. The closest comparable sale, 2201 Far Gallant, Austin TX 78746 at an adjusted $4,792,180, is with a smaller floor plan. With 7 comparable sales in DAVENPORT RANCH, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group